A
Together, the companies' results for the 2023 financial year show a group profit of
DCHL Chairman
"Obviously we're still seeing inflationary pressures at home, and a slowing Chinese economy contributing to increased volatility in key Asian export log markets, not to mention the tail end of COVID-19's impact, so these are pleasing performances by most of our companies."
Among the results, Dunedin Venues' focus on building Southern pride and prosperity attracted more big events - from the All Blacks v Ireland test match to the Red Hot Chili Peppers with Post Malone,
That, in turn, attracted 47,500 visitors from across
Dunedin Venues, which runs the stadium, recorded a small profit for the year and delivered on its purpose,
"Given the disruption to major events caused by Covid-19, and the time it takes to rebuild from that, it's a good result for our city."
The company recorded a surplus of
"That's a strong result and one that will provide the company with a solid foundation to invest in further growth and development."
DCHL also paid a dividend and interest payments totalling
"We are working hard not just to lift the performance of our companies, but to ensure they're performing for all our residents."
Elsewhere, major trading companies Aurora Energy, City Forests and Delta all recorded profits, while
Group debt increased over the year as forecast, reflecting increased capital expenditure by Aurora in its network and by the DCC.
Aurora's result included substantial capital investment of
The company's after-tax profit of
City Forests' after-tax profit of
https://www.dunedin.govt.nz
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(C) 2023 M2 COMMUNICATIONS, source